Global Situation Tomorrow USDA will release its updated monthly trade data through October. A running tally of the value to date tells the story of the global trade situation and the global economy’s impact on the U.S. protein sector. In terms of volume, red meat exports started strong but have been trending down in the second half of the year due to tariffs and the strength of the U.S. dollar. However, they have been near last year’s trend lines for pork and up for beef. Meanwhile, poultry meat exports have held steady and started an uptick in the third quarter. The value of red meat exports has been pressured, though, especially for pork as that category is facing tariffs in the two key markets of China and Mexico. A strong...